This is the home of the Dolvin Consulting Blog. Dolvin Consulting is an Information Technology firm providing computer & technology services as well as finance software & ERP systems to companies in the retail, distribution, manufacturing, and related industries in New Jersey and Eastern Pennsylvania.

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Friday, July 22, 2011

According to IBM Systems Magazine the 2010 cost per compromised record was $214, up from $204 in 2009, $202 in 2008, and $202 in 2008 and $197 in 2007.

A couple of hundred dollars is not so bad if you only had one or two records compromised, but what if the total record breach was in the thousands or millions?

What about the loss of customer confidence and trust?How many customers will you lose as a result of not taking the most basic preparation steps of a Written Information Security Plan (WISP)?According to the Ponemon Institute, it’s recent study pegged the average 2010 cost of a data breach in the US at more than $7 million.